Crumbling Breadth

Record-high indices mask a rotting foundation as market breadth continues to crumble.

Source: DepositPhotos

In spite of the daily lifetime highs in the market, don’t be completely fooled: under the surface, it’s rotting.



Oh, and as for sentiment, one glance at the put/call ratio will tell you what you need to know: there isn’t a person on the planet who believes the market will ever fall again.

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